Renold PLC Trading Update (0500U)
October 13 2014 - 1:00AM
UK Regulatory
TIDMRNO
RNS Number : 0500U
Renold PLC
13 October 2014
Renold plc
("Renold", "the Company" or "the Group")
Period End Trading Update
Renold, a leading international supplier of industrial chains
and related power transmission products, is today issuing a period
end update for the six months ending 30 September 2014 (the
'period').
Good progress continues to be made on the turnaround phase of
our strategic plan. Further planned improvements in operating
margins in both divisions were successfully delivered during the
period. The Board's expectations for the full year adjusted(1)
operating profit therefore remain in line with current market
forecasts, despite the adverse impact of foreign exchange movements
being currently higher than anticipated in our Preliminary
Announcement in May.
There have been no other significant changes in the position of
the Company over the period since the publication of the AGM
Statement and Interim Management Statement on 22 July 2014.
The Group expects to announce its interim results on 25(th)
November 2014.
(1) Adjusted operating profit exclude exceptional items and
administration costs of closed defined benefit pension schemes.
13(th) October 2014
ENQUIRIES:
Renold plc
Robert Purcell, Chief Executive 020 7457 2020
Brian Tenner, Finance Director
Arden Partners 020 7614 5917
Chris Hardie
Instinctif 020 7457 2020
Mark Garraway
Helen Tarbet
NOTES FOR EDITORS
Renold is a global leader in the manufacture of industrial
chains and also manufactures a range of torque transmission
products which are sold throughout the world to a broad range of
original equipment manufacturers and distributors. The Company has
a well-deserved reputation for quality that is recognised
worldwide. Its products are used in a wide variety of industries
including manufacturing, transportation, energy, steel and
mining.
Further information about Renold can be found on the website at:
www.renold.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
TSTLLFSEIILILIS
Renold (LSE:RNO)
Historical Stock Chart
From Apr 2024 to May 2024
Renold (LSE:RNO)
Historical Stock Chart
From May 2023 to May 2024